#FOMCMeeting The Federal Open Market Committee (FOMC) meeting is currently underway, starting on May 6 and concluding on May 7. The committee is expected to hold interest rates steady at 4.25%-4.50%. Markets are pricing in a 97.3% probability of no rate change. The focus will be on Fed Chair Jerome Powell's press conference for insights into future monetary policy decisions, particularly regarding President Trump's tariffs and their potential impact on inflation and economic growth ¹.

*Key Discussion Points:*

- *Interest Rates*: Expected to remain unchanged

- *Tariffs*: Potential impact on inflation and economic growth

- *Economic Projections*: Powell's views on employment, inflation, and overall economic conditions

*Market Expectations:*

- 29.4% chance of a 25 basis point rate cut in June, down from 60.5% last week

- 56% probability of a rate cut in July, up from 44% last week ¹